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Oil rig news


Equinor shares Johan Castberg project update

The Johan Castberg partnership, consisting of Equinor, Vår Energi and Petoro, is updating the project cost estimate. The investment estimate has increased by almost NOK 13 billion since last year.


DNO make a discovery in the Norwegian North Sea

DNO has announced a gas condensate discovery on the Norma prospect in the Norwegian North Sea license PL984 in which the Company holds a 30 percent operated interest.


OPEC has made a statement on peak fossil fuel demand

OPEC has noted, on the International Energy Agency’s recent Op-Ed published, asserting that fossil fuel demand would peak before 2030, that consistent and data-based forecasts do not support this assertion.